Dec. 25 at 1:38 PM
Actionable Trade Alert for
$APD
Market Context:
$APD closed at
$245.84, showing a bearish sentiment with an RSI of 38.01, indicating potential oversold conditions. The price is below the 30-day (MA30) and 50-day (MA50) moving averages, suggesting downward momentum. However, the 60-day range (high of
$274.83 and low of
$229.11) indicates room for a rebound.
Directional Bias: Given the current RSI and proximity to the 60-day low, we anticipate a potential reversal. The ATR of 7.53 suggests volatility, providing opportunities for profit.
Trade Plan:
- Suggested Entry:
$245.84
- Stop Loss:
$230.00 (approximately 6.4% below entry)
- Take Profit Targets:
- Target 1:
$255.00 (3.7% gain)
- Target 2:
$265.00 (7.8% gain)
- Target 3:
$288.00 (17.1% gain)
This plan offers a favorable risk-reward ratio with a potential ROI of over 17% on the third target. Monitor for entry confirmation.
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